Tag Archives: Business

Government is expected to raise about GH¢17.43bn in treasury securities in the third quarter of 2017, the Finance Ministry has revealed. Out of the amount, GH¢14.15 billion representing 81 per cent will be used to retire maturing debts. This will, therefore, not have a significant effect on the public debt …

President Akufo Addo has announced an eighty (80) million dollars Swiss Corporation Strategy for Ghana aimed at supporting and enhancing the competitiveness of Ghanaian enterprises and the diversification of the Ghanaian economy. Addressing a joint press conference after holding talks with the visiting Swiss President Doris Leuthard, he said the …

The fall armyworm infestation has affected 112,000 hectares of farms across the country, out of which 14,000 hectares have been totally destroyed, George Oduro, a Deputy Minister of Food and Agriculture, has revealed. According to him, the government of Ghana has adopted the best methods of containing the problem to …

The average change in prices of goods and services, measured by inflation, dropped to 12.1 per cent in June this year. The rate was 12.6 per cent in May and the decline in the June figure was due to corresponding declines in the food and non-food inflation baskets. The June …

The Minister of Aviation, Cecilia Dapaah, has disclosed that investors from China, the United Arab Emirates, and Turkey have expressed strong interest to partner government in the development of a world-class airport at Prampram in the Greater Accra Region. The government acquired a 60-acre land in 1974 to construct the …

Cocobod has already received around $1.6 billion worth of bids in an oversubscribed loan syndication aimed at financing purchases of the 2017/18 crop. The world’s second-largest cocoa producer after Ivory Coast uses loans from international banks every year for bean purchases. It had earlier said it aimed to raise $1.3 …

Ghana’s annual consumer price inflation fell to 12.1 percent in June from 12.6 percent the previous month, driven lower by falling food and petroleum prices, the statistics office said on Wednesday. The major commodity exporter is aiming to narrow inflation to 11.2 percent by the end of the year as part …

The Minority in Parliament has insisted that the $19 billion Chinese facility to Ghana is a loan as the country’s bauxite will be used as a guarantee for it. The Minority Leader, Mr Haruna Iddrisu, rejected the claim by the Vice-President, Dr Mahamudu Bawumia, that the Chinese investment in the …

The installation of a multi-purpose satellite ground station at Sunyani, the Brong Ahafo Region capital, by the University of Energy and Natural Resources (UENR) means Ghana joins eight others around the globe that receives improves atmospheric data. The Ground Station at UENR which is estimated at around US$1.2 million, predicts …

A Deputy Energy Minister has dismissed claims by the Minority in Parliament that the eight member committee set up to investigate the controversial oil contamination saga has been dissolved. Dr Amin Adam, said the membership of the committee and its terms of reference still stand as was announced last week. …